BTCO vs. AMZN
BTCO (Invesco Galaxy Bitcoin ETF) is Cryptocurrency fund tracking the Lukka Prime Reference Bitcoin Rate, while AMZN (Amazon.com, Inc) is a stock. Over the past year, BTCO returned -39.40% vs 14.82% for AMZN. At a 0.30 correlation, their price movements are largely independent.
Performance
BTCO vs. AMZN - Performance Comparison
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Returns By Period
In the year-to-date period, BTCO achieves a -27.65% return, which is significantly lower than AMZN's 6.24% return.
BTCO
- 1D
- 5.10%
- 1M
- -20.91%
- YTD
- -27.65%
- 6M
- -30.32%
- 1Y
- -39.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMZN
- 1D
- -0.33%
- 1M
- -10.07%
- YTD
- 6.24%
- 6M
- 8.08%
- 1Y
- 14.82%
- 3Y*
- 25.71%
- 5Y*
- 8.37%
- 10Y*
- 21.19%
BTCO vs. AMZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCO Invesco Galaxy Bitcoin ETF | -27.65% | -6.58% | 100.54% |
AMZN Amazon.com, Inc | 6.24% | 5.21% | 41.38% |
Correlation
The correlation between BTCO and AMZN is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.30 |
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Return for Risk
BTCO vs. AMZN — Risk / Return Rank
BTCO
AMZN
BTCO vs. AMZN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Bitcoin ETF (BTCO) and Amazon.com, Inc (AMZN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BTCO | AMZN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.11 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 0.68 | -1.44 |
| Martin ratioReturn relative to average drawdown | -1.36 | 1.64 | -3.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTCO | AMZN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | 0.49 | -1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.56 | -0.29 |
Drawdowns
BTCO vs. AMZN - Drawdown Comparison
The maximum BTCO drawdown since its inception was -52.05%, smaller than the maximum AMZN drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for BTCO and AMZN.
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Drawdown Indicators
| BTCO | AMZN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.05% | -94.40% | +42.35% |
Max Drawdown (1Y)Largest decline over 1 year | -52.05% | -21.74% | -30.31% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -56.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.15% | — |
Current DrawdownCurrent decline from peak | -49.60% | -10.83% | -38.77% |
Average DrawdownAverage peak-to-trough decline | -16.12% | -28.12% | +12.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.93% | 9.08% | +19.85% |
Volatility
BTCO vs. AMZN - Volatility Comparison
Invesco Galaxy Bitcoin ETF (BTCO) has a higher volatility of 11.78% compared to Amazon.com, Inc (AMZN) at 7.80%. This indicates that BTCO's price experiences larger fluctuations and is considered to be riskier than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCO | AMZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.78% | 7.80% | +3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 34.52% | 20.58% | +13.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 30.13% | +13.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.90% | 35.53% | +14.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.90% | 32.48% | +17.42% |
Dividends
BTCO vs. AMZN - Dividend Comparison
Neither BTCO nor AMZN has paid dividends to shareholders.
Frequently Asked Questions
BTCO and AMZN have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCO has higher volatility (11.78%) compared to AMZN (7.80%). In terms of maximum drawdown, BTCO dropped -52.05% vs AMZN's -94.40%.
AMZN currently has the higher Sharpe Ratio (0.49 vs -0.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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